CBL & Associates Properties Inc is in talks to turn its Parkdale Mall and Crossing retail properties in Beaumont, Texas, over to its CMBS lender, which holds a $4755 million loan against them...
Commercial Real Estate Direct Staff Report The $13598 million CMBS loan against the Poughkeepsie Galleria shopping mall in suburban New York has once again transferred to special servicing It marks the second time the loan has been in special...
San Antonio Business Journal Fortress Investment Group has taken through foreclosure a portfolio of four office buildings with about 415,000 square feet in San Antonio The New York investor took the properties after placing a credit bid of $145...
Commercial Real Estate Direct Staff Report The Hagerstown Premium Outlets retail property in the Maryland panhandle has had its appraised value reduced for the fourth time since its CMBS loan got into hot water in 2020 The 484,994-square-foot retail...
Commercial Real Estate Direct Staff Report The Heinz 57 Center office and retail building in downtown Pittsburgh has been reappraised at a value of only $198 million The 14-story building was constructed in 1913 at 339-357 6th Ave as a Kaufmann...
The Santa Monica, Calif, mall owner still has $300 million to $400 million of properties to get rid of before completing its Path Forward plan, an effort designed to reduce its overall leverage level and leave it with a portfolio of 31...
San Antonio Business Journal An affiliate of Casey Development has tapped Berkadia to market for sale Tacara at Weiss Ranch, a 300‑unit apartment complex in Pflugerville, Texas The property, at 4401 East Pflugerville Parkway, about 18 miles...
Commercial Real Estate Direct Staff Report The owner of Chicago’s 278 million-square-foot Aon Center office property is looking to negotiate a term extension of the property’s $536 million senior mortgage The loan, which is senior to...
Last month, $183 billion of CMBS loans transferred to special servicing, according to Trepp Inc That was the smallest volume of transfers since the end of last year But special servicers didn't keep pace in their workouts, as $12 billion of loans...
Commercial Real Estate Direct Staff Report The commercial real estate market is enjoying a period of substantial lender liquidity Properties that have been stabilized will generally be able to get financing and often will find offers from a number...
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